Cumberland Valley Corvette Club
- Assets
- $12.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mechanicsburg, PA
- Founding
- 02/1971
- Data as of
- 12/2019
- EIN
- 23-7040608
Organization Overview
Cumberland Valley Corvette Club is located in Mechanicsburg, PA. The organization was established in 1971. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Valley Corvette Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Cumberland Valley Corvette Club generated $23.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $26.0k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
SPORTS CAR ACTIVITIES CONSISTANT WITH SAFE DRIVINGPRINCIPLES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $475 |
| Total Program Service Revenue | $0 |
| Membership dues | $9,164 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,227 |
| Other Revenue | $0 |
| Total Revenue | $23,885 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $9,305 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,857 |
| Other expenses | $51 |
| Total expenses | $26,007 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,240 |
| Other assets | $0 |
| Total assets | $12,240 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,240 |
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